Property 824 NE 16TH Street, Fort Lauderdale, FL 33304 for sale with MLS# B26096945
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.
824 NE 16TH Street, Fort Lauderdale, FL 33304
Price
- Price:
- $1,229,000.00
- Original List Price:
- $1,229,000.00
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- November 5, 2026 10:16 pm
Measures
- Built-Up Area:
- 3,344 Sqft
- Lot Area:
- 9,759 Sqft
- Building Area Source:
- Other
- Lot Size Acres:
- 0.224
Property Features
- Security:
- Smoke Detector(s), None
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s), Electric
- Heating
- Heating System:
- Electric, Window/wall
Construction
- Year Built:
- 1970
- Roof:
- Shingle, Composition
- Number of Units Total:
- 5
- Construction Materials:
- Brick, CBS
- Flooring:
- Tile, Wood
- Number of stories:
- 1
- Road Frontage Type:
- City Street
- Flood Zone Code:
- AE
Taxes and Expenses
- Tax Annual Amount:
- $15,221.59
- Tax Year:
- 2025
- Tax Assessed Value:
- $694,330.00
Parking
- Parking Total Spaces:
- 12
Utilities
- Sewer:
- Public Sewer
- Electric:
- Other
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source:
- Public
Community
- Senior Community:
- No
Terms
- Documents Available:
- Rent Rolls, Photos, Existing Survey, Copy Of Lease(s), Owner Managed
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- LAUDERDALE PARK 6-33 1/2 B LOT 1,2,3 BLK 8
- Real Estate Folio Number (Parcel Number):
- 494235041000
- Zoning:
- RS-8
Listing History
- Active on the market since:
- November 5, 2026
- Listing Agreement executed on:
- November 5, 2026
- Listing Status Last Changed On:
- November 5, 2026 10:16 pm
- Photos updated on:
- November 5, 2026 10:30 pm
- Last Modified:
- November 6, 2026 12:38 am
Additional Information
- Courtesy of:
- Inbal Ruiz
- Attribution:
- Not provided
Location
- Street Name:
- 16TH
- Street Number:
- 824
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33304
- County:
- Broward
- Latitude:
- N26° 8' 50.5''
- Longitude:
- W81° 51' 54.4''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$84,951
Median Home Value
$556,400
Median Rent
$1,727/mo
Median Age
46
Population
18,566
Ver la propiedad 824 NE 16TH Street, Fort Lauderdale, FL 33304
